Forex Trading Signals – October 27, 2017
Good morning, traders, you’re watching the Main Daily Trading Signals for Friday.
Bullish signals prevail on Euro/Dollar’s hourly chart, whereas the 4 and 24-hour scales turn bearish with 6 studies each, but the technicals are not supported by the interbank, which is neutral at less than 8% long.
There’s red across the chart for the Cable, which sees 5 sell prompts in both the short and long-term and 7 bearish models in the mid-term, and they indeed are in line with the more than 26% short interbank.
Dollar/Yen is mostly neutral in the short-term, but the mid and long-term scales turn bullish with 6 and 5 signals, respectively, matching the more than 21% long interbank. Next up is the Pound/Yen with 5 and 6 bearish signals on its 1 and 4-hour charts, respectively.
The 24-hour scale turns neutral with 5 models, and it’s confirmed by the less than 6% long interbank.
And Euro/Yen’s hourly chart is divided between sell and buy prompts. The mid-term is overwhelmingly bearish, and the long-term brings 5 neutral models. In contrast, the interbank is very much bullish at more than 46% long.